Macedonia

In-depth country-focused analysis on Macedonia's economic, political and operational risk environment, complemented by detailed sector insight

Macedonia

Our comprehensive assessment of Macedonia's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Macedonia, as well as the latest industry developments that could impact Macedonia's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Macedonia before your competitors.

Country Risk

Macedonia Country Risk

BMI View:

Core Views

  • Political risk in Macedonia will remain high, particularly as the country's institutional commitment to EU convergence and ambitions for formal membership will be tested by the handover of power from the prime minister to a technocratic government in January, ahead of an early election in April.

  • A competitive business environment, strengthening domestic demand conditions and robust external demand for Macedonia's manufactured goods will see the economy remain a regional outperformer.

  • A robust export sector and low energy prices will see Macedonia run a considerably smaller current account deficit over the coming years than in previous years.

Major Forecast Changes

  • We have lowered our real GDP growth forecasts for Macedonia...

Macedonia Industry Coverage (1)

Telecommunications

Macedonia Telecommunications

BMI View:

BMI View : Macedonia's small size and saturated nature offer few growth prospects for new entrants and established players alike. This view is underscored by an acceleration in the consolidation process in 2014 and which will reach new heights in 2015 if the merger of VIP and ONE is permitted. We have divided opinions on this development: although consumer choice is diminished, it would create a stronger player capable of challenging the incumbent on pricing and service innovation. The cable TV sector would benefit from more consolidation, too. In short, though, the greatest returns on investment will be enjoyed only by largest and most established players. Newcomers would be advised to look to the services and content fields for investment opportunities.

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Latest Macedonia Articles

  • We have revised down our CME milk price forecast for 2016 and now see price...

  • We believe that there is currently disconnect between oil prices and fundam...

  • Price-elastic consumption growth and more limited growth in supply will mai...

Latest Macedonia Blogs

  • Most of the discussions surrounding Greece's potential exit ('Grexit') from...

  • With negotiations coming to a head, our core scenario is for Greece to rema...

  • The political crisis in Macedonia merits considerable vigilance, for if the...

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